Midas Foundation is a decentralized autonomous organization founded to empower Midas Pioneers, Midasians and other stakeholders in our ecosystem. Midas Foundation is essentially a web-based platform for Midasians and Midas Pioneers to invest in Frontier Tech projects, aiming at projects that help global adoption of many new technologies through assisting startups to raise fund and provide passive income for all, is one key pillar of our Midas Ecosystem. On Midas Foundation, Midasians can invest in ICO, STO, IPO, Startups shares offering, Pooling in Masternode, Token locking for rewards etc.

Midas Foundation has been kickstarting potential frontier technology projects, providing reliable information and validating projects according to Global Transparency Alliance Framework. Midas Foundation is dedicated to bring the most of benefits and rewards to Midas Pioneers & Midasians as well as to grow and protect their investments in Midas Ecosystem. The ultimate objective of Midas Foundation is to innovate in such a way that it can provide passive income and smart investment opportunities to the Pioneers through rewards/airdrops from those projects that are supported by the Foundation.

Midas Foundation will deposit 10,000,000 BBO as capital into this program . This number could surely be bigger as we are continuously reaching to more benefactors and asking for their contribution.

The BBO Long-term Incentive Program has a minimum holding period of 12 months. Participation in this incentive program is completely voluntary. The BBO reward shall vary, depending on HODL period, the total pool amount, and other entailments.

The long-term incentive program will start on November 29th, 10:00:00am UTC Time

The program’s participation will be open for 60 days, from November 29th 2018 10:00:00 AM UTC Time to January 28th 2019 10:00:00 AM UTC Time. During this period, you can participate by transferring your BBO tokens to our smart contract. All BBOs transferred to the incentive plan contract through direct transfer will be part of the award and cannot be taken back. If you do not want to contribute BBO for free, please do not directly transfer any BBO to the contract address. Bear in mind that if you really transfer the BBO directly to the incentive plan, we are not able to help you recover your tokens. Any tokens deposited after this time will not be counted.

Midas Foundation has already deposited 10 million BBO tokens into the smart contract as the initial reward. With the participation of more benefactors, the number of tokens will increase at any time.

Participants may not withdraw their BBO tokens for 12 months from the date of their original token deposit(s). The token withdrawal period will open from the 12th month to the 24th month. Participants may withdraw their tokens partially or in full during this time. The longer you keep your tokens on lock, the more tokens you will earn at the end. Any tokens still remain in the program after the 24th month will be donated to the Foundation.

Unlike other projects’ incentive program which participants must keep an eye on the deadline with no reminder from the host, we will continuously update when it’s near. Follow our social channels for the latest updates.

There are no fees associated with participating in this program.

The total number of BBO tokens deposited by investors will not be capped. There is no minimum restriction as well.

Kindly note that participation in this program is completely voluntary. As always, thank you for your support and trust.

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